The UK Coal pension schemes have taken a controlling stake in a property business that was split off from the scheme's sponsoring employer in an attempt to plug a £450m deficit.
The restructuring, which the mining firm said was on an "unprecedented scale", was revealed in November and has split the company into a mining and a property division (PP Online 5 November). In statement...
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.